2times2
1 week ago
Donald Steinberg, Board Director says โI feel that by purchasing shares from this affiliate will reduce the amount of shares being sold into the market each quarter which was having a negative effect on shareholder value. I intend to use these shares for necessary issuances to new people as they come on board to help the company move aheadโ.
This is the guy:
Don Steinberg; Chairman of the Board & Director
Don Steinberg has been at the forefront of new business concepts many times, and now brings a lifetime of experience to Mushrooms, Inc., that will serve to benefit the company in a myriad of ways. In the 1980โs Don developed stock option analysis and trading programs. This led to his management of floor traders on multiple options exchanges and gave him the knowledge and insight he needed to successfully take other companies public.
In the early 90โs, he co-founded Globalcom 2000 and entered into the prepaid phone card business, which at that time was an almost unknown market. Globalcom 2000 became one of the largest phone card companies in the United States, as well as its fastest growing. In 1994, Don developed an interest in the telecom โCallbackโ business, and co-founded One World Communications. He subsequently traveled the world, opening up 187 training centers in only 9 months, and created the worldโs largest International MLM global sales force selling telecom services.
In 2006, Mr. Steinberg formed Club Vivanet as an International MLM, selling a variety of services. In 2008, he merged Club Vivanet with a publicly traded company. In 2008, Don recognized the emerging opportunities in the Medical Marijuana industry and changed the name of Club Vivanet to Medical Marijuana Inc., which became Americaโs first publicly traded company in the Marijuana industry. In 2011, he successfully managed the acquisition of Medical Marijuana Inc. and the transition to new management.
In 2015, Don founded Marijuana Company of America, Inc. an OTC Market quoted company. He resigned from that company in 2019 to pursue other interests.
Don has vast experience in building and managing start-up companies, managing public company compliance, and spent years managing floor operations on various stock exchanges. Mr. Steinberg has had a life-long career in international sales and marketing, with over 40 years of experience developing and running successful businesses. Using this breadth of experience, Don will provide guidance for the Company, and is actively involved in its future and growth.
2times2
1 week ago
Share Buy Back of ~15% of OS by director...that is very big news (prob from a former affiliate pre_Mushrooms Inc, affiliate who tended to sell them leading to the low volume downward pressure)
Mushrooms Inc. (OTC: MSRM) Announces Significant Share Buy Buy Back by the Board Director and New Strategic Initiatives.
Estero, FL - June 5, 2024 โ Mushrooms Inc. (OTC: MSRM), a leading innovator in biotechnology and sustainable healthcare solutions using mushrooms and mycelium, is pleased to announce that our board director has purchased 5 million shares of stock from an affiliate.
There were no loans or costs to the company for this transaction. The director has allocated this stock for use in advancing the companyโs strategic initiatives, thereby preventing further dilution.
โOur directorโs purchase of these shares is a major accomplishment in positioning Mushrooms Inc. for future growth and success,โ said Kimberly Carlson, CEO of Mushrooms Inc. โThis move is a win for our shareholders, who have shown steadfast support despite stock fluctuations. It underscores our commitment to leveraging our resources effectively to drive the company forward.โ
Donald Steinberg, Board Director says โI feel that by purchasing shares from this affiliate will reduce the amount of shares being sold into the market each quarter which was having a negative effect on shareholder value. I intend to use these shares for necessary issuances to new people as they come on board to help the company move aheadโ.
Strategic Use of Shares
The director is committed to utilizing the acquired shares to support moving the company forward and continuing the trend of non-dilution which the company has upheld since September of 2023.
Upcoming Shipment and Innovation
In addition to this significant transaction, Mushrooms Inc. is proud to announce the development and upcoming shipment of mycelium-based materials to the research team in Germany, in late July or early August. This shipment marks the first step in the development of our innovative bacterial detection bandage. This groundbreaking product highlights our dedication to creating sustainable healthcare solutions and advancing global health.